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Weis Markets ( (WMK) ) has issued an announcement.
On June 6, 2025, Weis Markets, Inc. completed a private transaction to purchase 2,153,846 shares of its common stock from trusts associated with the late Patricia G. Ross Weis for $140 million. This transaction, which was conducted at a discount to the market price, was approved by a special committee of independent directors and does not affect the company’s existing share repurchase plan. The proceeds from the sale will be used to satisfy estate tax obligations, while the Weis family continues to hold a significant ownership stake in the company.
Spark’s Take on WMK Stock
According to Spark, TipRanks’ AI Analyst, WMK is a Neutral.
Weis Markets has a strong financial foundation and is reasonably valued, though it faces operational efficiency challenges and weak market momentum. The absence of significant corporate events or earnings call data limits further insights into future performance drivers.
To see Spark’s full report on WMK stock, click here.
More about Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 198 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia.
Average Trading Volume: 142,223
Technical Sentiment Signal: Buy
Current Market Cap: $1.99B
For detailed information about WMK stock, go to TipRanks’ Stock Analysis page.